Below are answers to common questions Australians ask before applying for a credit card.
Most standard purchase rates range between 18% and 22% per year. Low interest cards may offer lower ongoing rates.
Most cards offer up to 44–55 days interest-free on purchases, but only if the statement balance is paid in full by the due date. Learn more in our interest guide.
A balance transfer card allows you to move existing debt from one card to another, often with a 0% introductory interest period. See our balance transfer comparison.
Rewards cards can be valuable if you pay your balance in full each month. Otherwise, interest charges may outweigh rewards. Compare options in our rewards guide.
Yes. Applying for multiple cards in a short period or missing repayments may negatively impact your credit score.
Choose a limit that fits your income and spending habits. Higher limits increase risk of overspending.
Student credit cards usually have lower limits and fewer premium features. See our student card guide.